Posts filed under “Currency”
From start to finish of the 2008-2012 term the USD only lost approximately 3% to the Euro. There’s been quite a few 20% moves in between making it challenging for both buyers and sellers.
As a reminder, the Dollar’s Biggest Decline was from 2001-08 — down 41%
Nov.6, 2012 Election day, trading at approximately 1.28
The Euro MarketWatch.com – When Will the Euro Collapse? It’s Already Dead In reality, whether it is a few months or a decade away does not make as much difference as you might suppose. Why not? Because in most of the ways that actually matter, the euro is already dead. The Financial Times – Greece…Read More
Click to enlarge: The Telegraph – The euro is “irreversible” and not in danger, says Draghi The euro is “irreversible” and the beleaguered currency union is not in danger of collapsing, according to European Central Bank President Mario Draghi, who also argued that eurozone nations will eventually be bound even closer together. The central bank…Read More
Click to enlarge: Barron’s – The Euro’s Fate Against the intense media glare trained on crucial recent events of Europe, notably Greece’s election and the latest summit of European Union leaders, one important development was all but obscured. Airbus, the European consortium that is the main rival to Boeing, recently announced that it will establish…Read More
Billionaire investor George Soros speaks about Europe’s sovereign-debt crisis. Soros called on Europe to start a fund to buy Italian and Spanish bonds, warning that a failure by leaders meeting this week to produce drastic measures could spell the demise of the currency. He spoke yesterday with Bloomberg Television’s Francine Lacqua in London.
Source: Bloomberg, June 25 2012
Transcript after the jump